FMA Director of Supervision James Greig discusses the FMA’s new message to financial service providers to ensure their cyber defences are robust, in an age of increasingly sophisticated and successful cyber attacks. 

Here he explains why the regulator issued the “Cyber Security & Operational Systems Resilience” information sheet in June 2022, which includes details around standard FMC Act licence conditions, threat monitoring, staff training, board obligations, customer remediation and post incident reporting.